@Jessica Seppo,Many people take the cost of an LLC and funnel it towards more insurance and an umbrella policy.

The TX LLC is owned by a WY LLC (as per advice/plan I had received from Anderson Business Advisors).I have one STR in TX and one LTR in NC that are personally owned.

After a $500 plumber bill I no longer wish to continue stressing out about this business; at the beginning (10 years ago) it was fun and challenging, now, after seen how we are the ogres (landlords in general), the outrageous government response with the eviction moratorium during Covid, the raise in taxes and insurance, service people who charge you more than a brain surgeon, the fact that this country is becoming dangerously socialist and the tenant drama I finally decided It is time to look elsewhere for investments.I just cannot find any information of what to do when I sell my properties.

Taxes and insurance will be another $400+.

This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.

Rock that for about 12 months and add some equity and then you could refi out to conventional so as you pay it down in the future the mortgage insurance will drop off.

For insurance you often have to have a certain amount of access to get to furnaces, hot water heaters, and electrical panels.

Our entire network of agents, title companies, insurance, conventional lenders, private lenders, and many others come together to make this an enjoyable experience.

No I wouldn’t pay it and I would plan that potentially if I don’t pay it, they leave.

You know, like any other INSURANCE PRODUCT.